Burke & Herbert Bank & Trust Co. Cuts Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Burke & Herbert Bank & Trust Co. lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 3.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,711 shares of the basic materials company’s stock after selling 248 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in DuPont de Nemours were worth $687,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DD. Global Assets Advisory LLC purchased a new stake in DuPont de Nemours in the 1st quarter worth $1,130,000. Brookstone Capital Management increased its stake in shares of DuPont de Nemours by 5.5% during the first quarter. Brookstone Capital Management now owns 77,834 shares of the basic materials company’s stock worth $5,968,000 after purchasing an additional 4,089 shares in the last quarter. Sovereign Financial Group Inc. acquired a new position in shares of DuPont de Nemours during the 1st quarter worth about $208,000. Wealthcare Advisory Partners LLC acquired a new position in shares of DuPont de Nemours during the 1st quarter worth about $223,000. Finally, Courier Capital LLC lifted its stake in DuPont de Nemours by 3.0% in the 1st quarter. Courier Capital LLC now owns 6,279 shares of the basic materials company’s stock valued at $481,000 after buying an additional 181 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DD. Royal Bank of Canada increased their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. Citigroup decreased their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, Morgan Stanley boosted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.83.

DuPont de Nemours Stock Down 0.2 %

Shares of DuPont de Nemours stock traded down $0.13 during trading hours on Friday, reaching $84.10. 50,946 shares of the company were exchanged, compared to its average volume of 2,499,107. The firm has a market cap of $35.16 billion, a PE ratio of 102.70, a PEG ratio of 2.26 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The stock’s fifty day moving average is $83.79 and its 200 day moving average is $80.52.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. DuPont de Nemours’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.81%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

DuPont de Nemours Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.